MGIC Investment

Updated Sept. 26, 2002 3:53 p.m. ET

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MGIC Investment Corp. (MTG-NYSE) By Baird U.S. Equity Research (39.23, September 25, 2002)

We believe the recent drop in MGIC Investment's share price is not justified, and we are upgrading our rating to Outperform from Neutral because we believe the stock will outperform the broader market over the next 12 months. We are, however, reducing our 12-month price target to $55 from $62.

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